The overtime policy will outline the standards for regular employee eligibility and compensation for overtime. The policy will help to ensure that all overtime is authorized and employees are correctly compensated for it. With the overtime policy, managers and staff will be provided with proper guidance on the operation of overtime so that it does not have a negative impact on staff or the organization. The overtime policy is key to assuring that any overtime work is appropriately authorized and does not harm an organization.
Risks Addressed by Policy:
- Decreased staff retention.
- Expensive legal fees from disputes associated with overtime.